Bitget faces hack rumors after $176M moves from exchange wallets

Users have reported withdrawal problems on Bitget, and on-chain data indicates that roughly $176 million left wallets linked to the exchange, fueling speculation of a hack.

According to Arkham data, a series of large transfers occurred over roughly 20 minutes. The funds originated from multiple hot wallets tied to Bitget, as well as at least one cold wallet.

BREAKING: BITGET USERS REPORT WITHDRAWAL ISSUES

Users are reporting blocked withdrawals on Bitget, while on-chain data shows more than $100M in assets moving from a Bitget cold wallet. Something unusual appears to be happening at Bitget.

— BeInCrypto (@beincrypto) September 24, 2026

The address 0x770b...63Ee was the recipient of multiple transfers. It received ETH, AVAX, BNB, USDT, USDC, XAUT and other tokens from wallets associated with the exchange.

The pattern is unusual as multiple wallets sent various assets to the same address in a brief timeframe. Similar rapid sweeps of wallets can occur during exchange hacks, though exchanges also transfer funds internally for wallet maintenance or custody adjustments.

Separately, social media users have reported that withdrawals are blocked. Some accounts also claim that a portion of the transferred assets were converted into ETH, though this remains unconfirmed.

Bitget has not yet issued an official statement regarding the transactions or confirmed whether a security breach occurred.